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As a consequence, maximization of customer value by the proposed method can be expected.
In this paper, a multi-objective inventory model is presented which includes the maximization of the retailer's profit along with the maximization of customer service level.
Strategic decisions on establishing a supply chain network (SCN) encompass more than one criterion, for example, minimization of costs and maximization of customer service levels.
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Customizability analysis manifests itself through the maximization of customer-perceived value while exploiting the potential of design to be customized specified by optimal customizability indices.
Customizability analysis thus exhibits a maximization of customer-perceived value while exploiting the potential of design to be customized by achieving optimal design and process customizability indices.
As the aim of the article is considering the profit of the chain due to new product development, the proposed model consists of three objectives which are the maximization of total profit, maximization of the satisfaction level of customer demands and maximization of new product production.
In order to analyze the impacts of customer demand behavior on the MCP, LMPs, customer demand utility and social welfare, all these results are analyzed comparing the social welfare maximization model with a constant demand benefit function and with the customer utility function.
Demand of customer k.
Index of customer.
Lack of customer base?
Intensity of customer loyalty is then influenced by the degree of customer satisfaction, and perceived quality is considered to influence customer loyalty.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com